FLRG vs. SPYD ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to SPDR S&P 500 High Dividend ETF (SPYD)

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$34.15

Average Daily Volume

47,822

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.34

Average Daily Volume

958,198

Number of Holdings ^*

80

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	SPYD
30 Days	0.37%	0.35%
60 Days	7.47%	3.12%
90 Days	10.73%	8.32%
12 Months	31.98%	35.52%

8 Overlapping Holdings

	Symbol	Grade	Weight in FLRG	Weight in SPYD	Overlap
	ABBV	B	1.3%	1.33%	1.3%
	IBM	D	0.83%	1.29%	0.83%
	MO	A	0.87%	1.27%	0.87%
	PM	A	1.04%	1.37%	1.04%
	PSA	D	0.99%	1.28%	0.99%
	T	B	0.38%	1.35%	0.38%
	VICI	D	0.9%	1.21%	0.9%
	VZ	D	0.44%	1.22%	0.44%

FLRG Overweight 92 Positions Relative to SPYD

	Symbol	Grade	Weight
	MSFT	D	6.33%
	NVDA	B	6.07%
	GOOGL	B	3.45%
	META	B	2.28%
	LLY	F	2.17%
	AVGO	B	1.84%
	V	A	1.69%
	MA	B	1.62%
	HD	B	1.49%
	PG	D	1.44%
	JNJ	D	1.4%
	VST	C	1.28%
	PGR	D	1.26%
	MCD	D	1.23%
	ADP	A	1.19%
	LMT	D	1.18%
	NFG	B	1.12%
	BKNG	A	1.08%
	ACGL	F	1.05%
	PAYX	B	1.03%
	VRSK	B	1.03%
	PCAR	B	1.02%
	MLI	A	0.99%
	ALSN	A	0.99%
	AMGN	D	0.96%
	SNA	A	0.96%
	HIG	D	0.95%
	BCC	C	0.94%
	REGN	F	0.92%
	EG	F	0.92%
	DTM	A	0.91%
	SYF	A	0.9%
	CRBG	B	0.9%
	ORLY	B	0.9%
	ESNT	F	0.89%
	CF	B	0.89%
	NVR	C	0.89%
	AZO	D	0.89%
	VLO	F	0.89%
	JXN	B	0.89%
	LEN	D	0.89%
	MTG	D	0.88%
	HRB	D	0.88%
	CI	D	0.87%
	VRTX	A	0.86%
	RDN	D	0.86%
	PHM	D	0.85%
	CL	D	0.85%
	QCOM	F	0.85%
	RGA	D	0.85%
	CTRA	F	0.85%
	OHI	B	0.85%
	NUE	F	0.84%
	STLD	B	0.78%
	CHRD	F	0.78%
	KMB	D	0.77%
	WSM	D	0.76%
	AMAT	F	0.76%
	BRBR	A	0.72%
	UTHR	A	0.72%
	CNC	D	0.71%
	MCK	D	0.7%
	NFLX	A	0.69%
	KLAC	F	0.69%
	CRWD	C	0.68%
	MOH	D	0.67%
	RPRX	D	0.66%
	MSI	B	0.64%
	ANET	B	0.64%
	APH	A	0.64%
	NXPI	D	0.6%
	CDNS	B	0.6%
	GDDY	B	0.58%
	FICO	B	0.57%
	ZM	A	0.56%
	CRUS	F	0.55%
	DELL	B	0.54%
	CTSH	D	0.53%
	AKAM	D	0.51%
	DBX	B	0.5%
	GEN	B	0.5%
	ACIW	C	0.5%
	CVLT	C	0.49%
	SWKS	F	0.49%
	NTAP	D	0.49%
	DOX	B	0.47%
	DLB	C	0.42%
	QLYS	D	0.41%
	CMCSA	B	0.4%
	TMUS	B	0.31%
	EA	A	0.18%
	FOXA	B	0.14%

FLRG Underweight 72 Positions Relative to SPYD

	Symbol	Grade	Weight
	K	A	-1.62%
	ETR	B	-1.59%
	KVUE	A	-1.45%
	BMY	A	-1.44%
	WMB	A	-1.42%
	VTR	B	-1.41%
	GILD	A	-1.39%
	IP	A	-1.38%
	BXP	B	-1.38%
	OKE	A	-1.36%
	XEL	B	-1.36%
	KMI	A	-1.34%
	WEC	B	-1.32%
	MTB	B	-1.31%
	KIM	A	-1.31%
	FMC	B	-1.31%
	MS	B	-1.31%
	D	B	-1.31%
	SPG	A	-1.3%
	SO	C	-1.27%
	REG	B	-1.27%
	AMCR	D	-1.27%
	HAS	D	-1.27%
	KEY	B	-1.26%
	EIX	D	-1.25%
	EVRG	B	-1.24%
	SWK	D	-1.24%
	EXC	D	-1.24%
	USB	B	-1.24%
	RF	B	-1.24%
	DOC	A	-1.24%
	FITB	B	-1.23%
	DUK	D	-1.22%
	PNC	B	-1.22%
	PNW	D	-1.21%
	MAA	D	-1.21%
	UPS	C	-1.2%
	ES	D	-1.2%
	HBAN	B	-1.2%
	IVZ	B	-1.2%
	FRT	C	-1.19%
	FE	D	-1.19%
	O	D	-1.19%
	GIS	D	-1.19%
	AEP	D	-1.19%
	CPT	D	-1.18%
	BBY	D	-1.18%
	UDR	D	-1.17%
	CCI	D	-1.17%
	HST	C	-1.16%
	EQR	D	-1.16%
	EXR	D	-1.16%
	KHC	F	-1.16%
	CFG	B	-1.15%
	TFC	C	-1.14%
	ESS	D	-1.14%
	VTRS	B	-1.14%
	IPG	F	-1.14%
	PRU	C	-1.14%
	SJM	D	-1.12%
	CVX	B	-1.11%
	ARE	D	-1.11%
	CVS	F	-1.11%
	CAG	D	-1.11%
	AES	F	-1.1%
	TROW	B	-1.1%
	PFE	D	-1.09%
	DOW	F	-1.07%
	LYB	F	-1.05%
	BEN	C	-1.04%
	WBA	C	-0.98%
	F	F	-0.87%

FLRG: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Software - Infrastructure Biotechnology Drug Manufacturers - Major Telecom Services Business Services Credit Services Health Care Plans Household & Personal Products Internet Content & Information Oil & Gas E&P Residential Construction Specialty Retail Asset Management Computer Systems Information Technology Services Insurance - Diversified Insurance - Reinsurance Insurance - Specialty

Keywords: S&P 500 Nasdaq 100 Computing Mobile Devices Dow Jones Component Insurance Broadband Integrated Circuits Telecommunications Work From Home Cloud Computing Fabless Semiconductor Companies Operating System Semiconductor Smartphones Building Materials Insurance Coverage Pharmaceutical Products Software Batteries

SPYD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Packaged Foods REIT - Residential REIT - Retail Utilities - Diversified Drug Manufacturers - Major Asset Management Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Healthcare Facilities REIT - Industrial REIT - Office Telecom Services Tobacco Advertising Agencies Agricultural Inputs Auto Manufacturers Capital Markets

Keywords: S&P 500 Real Estate Investment Trust Electricity Bank Natural Gas Banking Real Estate Market Commercial Banking Cash Management Investment Bank Nasdaq 100 Gas Transmission Asset Management Cash Management Services Dow Jones Component Electric Utility Financial Products Food Products Investment Management Natural Gas Distribution